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Poster: Mandojammer Date: Sep 2, 2010 10:00am
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

13 footers coming ashore on south OBX as I type. 6-8 here in Va Beach.

Real 13 footers, not the 13 footers most people measure from crest to trough - which would 'only' be 6.5 footers.

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Poster: micah6vs8 Date: Sep 2, 2010 10:09am
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

Mando , spot gold price today ( I use it as an indicator of confidence , or lack thereof ) is $1250 .
Confidence abounds !

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Poster: bluedevil Date: Sep 2, 2010 10:54am
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

Our leader has spoken; moved, no doubt, by the power of holding Washington's first inaugural address:

http://www.foxnews.com/story/0,2933,600583,00.html

I must leave to go prepare for my upcoming trial. Apparently I have a trial starting October 5th as well as a new name.

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Poster: Old_NJ_Head_Zimmer Date: Sep 2, 2010 11:52am
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

micah,

Can you elaborate on your spot gold confidence indicator - confidence or lack of what?

Inflation? Investor confidence? Commodoties?

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Poster: micah6vs8 Date: Sep 2, 2010 1:06pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

I always wonder what people would do with their gold if their fear of the collapse of the economy came true . Eat it ? How would they barter it ? Here , get working on that axe cause you only get an ounce for that bread . Bartering would most likely be the early replacement economically .
I do look at gold as an indicator of investors confidence in a state's ability to pay back their bondholders . As a hedge against inflation , gold has been a poor performer . Printing trillions of dollars is also a poor performer . Not reducing the state's spending is also a poor performer .
Did you see German , Chinese ( if reliable ) and Indian economic numbers for August ? They will be revised , but I would rather have their growth rates and unemployment numbers then our current ones .

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Poster: Old_NJ_Head_Zimmer Date: Sep 2, 2010 4:24pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

I don't believe gold can be a confidence indicator of a countries ability to pay bondholders simply because it is a global commodity. Prices can and are effected by uncountable inputs worldwide. I do believe its price is mostly driven by worldwide fear of expected inflation / deflation or currency quality flights but also a large part by colusion and manipulation. (Stock and bond markets as well)

Most countries economic numbers are falsified - especially China (The big global lie right now) which is why they can never be believed.

Although US economic numbers are dismal - at least they are open to public scrutiny and private analysis.

"Any way you look at it you lose" in this economy and the continual budget deficit spending will have us all bartering soon.

Question is - when we say a particular Dead show is worth its weight in gold - who's going to put up the OZs for that old Maxell in lew of a loaf of bread?

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Poster: micah6vs8 Date: Sep 2, 2010 4:53pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

I think we agree . While gold was The indicator at one time , that is no longer the case . I think it still has its place as a major indicator . " Worldwide fear " will drive the hoarders ( today China , India ) and the price .
I wonder in $ , how much debt China has ? Many of those state run , heavy industrial enterprises still exist ( with cradle to grave benefits for the state workers ) , turning out steal ( for example ) , at a price in which they only have a domestic market . Buying it at a price where the state loses even more $ , buying it twice . Let's see how the yaun does unfettered , to test China's real economic strength .

Great ending . It will be the electricity to listen to it that will be a hard bargain . Dead vs. Bread . I hope not .
Don't we all .

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Poster: Old_NJ_Head_Zimmer Date: Sep 2, 2010 5:26pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

Agreed - Except I do not believe China or India have "Cradle to grave" benefits - basically there are no benefits in the sense we know them (medical, retirement pension, social security etc..) The Proletariat are "on their own" and hope family can take care of family. (If your alowed by the government to have kids)

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Poster: micah6vs8 Date: Sep 2, 2010 5:31pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

They have totally shut down all those factories ? They are ( were ) a huge drain on their economy .
Their govt. is in fear mode now . I follow the persecution ( like jail , hard labor , solitary confinement ) of Chinese Christians . Serious crack down this summer . Don't have a Bible unless govt approved . Or read it . Or talk about it .

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Poster: Mandojammer Date: Sep 8, 2010 3:03pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

And here I am thinking that gold is neither a good investment OR a hedge against inflation/deflation/stagflation/flatulation.....

It is however a means to preserve wealth as it has never had a value of zero - which cannot be said for any fiat currency no matter how loudly the government behind it "backs" its (fiat currency) value.

I have gold, I have ammo, I have 3 years of food stored. If we don't have things figured out in three years and I can't listen to my Dead on my iPod because there is no electricity then I will have to go hunting.

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Poster: unclejohn52 Date: Sep 2, 2010 12:21pm
Forum: GratefulDead Subject: Re: Dick's favorite Scarlet>Fire (TDIH)

methinks micah was being sarcastic, or better, ironic. What better irony than the flim-flam man scaring people into fleeing to gold in his own self-interest.